TRIGANO (EPA:TRI) - 2019/2020 First Quarter Sales

Transparency directive : regulatory news

06/01/2020 21:00

Paris, 6 January 2020

2019 /2020 First Quarter Sales: EUR559.7 M

EURM
(non-audited figures)
           from 09/01/19 from 09/01/18 Current  Change at constant  of which
            to 11/30/19   to 11/30/18  change    perimeter* and     exchange
                                                 exchange rates  rates effect**

Leisure
Vehicles       518.7         535.6  -16.9  -3.2%  -17.5   -3.3%    0.6   0.1%
Leisure
Equipment       41.0          42.2   -1.2  -2.8%   -1.1   -2.6%   -0.1  -0.2%
Total Sales    559.7         577.8  -18.1  -3.1%  -18.6   -3.2%    0.5   0.1%

* No entity joined or left the consolidation scope during the periods mentioned
in this press release.
** Restatement of the foreign exchange effect consists of calculating
aggregates for the current year at the exchange rates of the previous year.

As expected, first quarter sales receded (-3.1%) compared with those of the
same period last year.

Leisure Vehicles

Although increasing in many European countries, sales of motorhomes and
caravans were affected by the sharp declines recorded during the quarter in
Sweden (EUR-17.6 M due to the tightening of motorhome taxation and the
preventive overstocking of networks) and in the United Kingdom (EUR-9.2 M due
to the uncertainty linked to Brexit during the quarter). Moreover, reductions
in production volumes subsequent to the refitting out of two motorhomes plants
at the fourth quarter of last financial year did not make up for delays in the
delivery of order backlogs of the brands concerned.
Mobile homes sales (-10.7 %) were affected by the wait-and-see attitude of some
managers of outdoor accommodation, while deliveries of accessories for leisure
vehicles (+2.8 % at constant scope and exchange rates) confirmed their good
momentum.

Leisure Equipment

Trailers sales (+4.0 %) remained well oriented.
Changes in sales of camping equipment and garden equipment activities are not
significant in the first quarter due to their seasonality. The trend in sales
of the camping equipment activity (-50.0%) was due to the non-recurrence of a
stewardship market supplied in the first quarter of the previous financial
year. Amounts invoiced for garden equipment were stable.

Prospects

The European motorhome market experienced significant changes in recent years,
with in particular:
- the emergence of a new family of products (converted vans);
- the progressive consolidation of the economic chain (components suppliers,
   manufacturers and distributors);
- and more recently the introduction of new chassis allowing to reach
   performance levels compatible with global energy transition objectives.

In parallel, values conveyed by the motorhome are asserting themselves as
values that respond more and more favourably to the desires of a wider customer
base, which allows to consider the further growth of the market.
Trigano already largely anticipated these phenomena and relies today on:
- a competitive pan-European productive tool, adapted to the diversity of
   demand;
- a robust and renewed organisational structure;
- and a strong and homogeneous commercial position throughout the European
   continent.

Its organisation, its management systems and the scope of its activities will
continue to evolve in order to further strengthen its markets shares, its
competitiveness and its profitability; the company has a solid financial
structure enabling to implement the necessary action programs to achieve these
ambitious objectives.

2019/2020 Second Quarter Sales will be released on 18 March 2020 after market
closure

contact
Laure Al Hassi
phone: +33 1 44 52 16 31
communication@trigano.fr                         www.trigano.fr

Euronext Paris A - CAC All-Tradable - SRD - CAC Mid 60 - ISIN FR0005691656 -
REUTERS : TRIA.PA - BLOOMBERG : TRI.FR

APPENDIX

Breakdown of sales by product category

EURM
(non-audited figures)
           from 09/01/19 from 09/01/18 Current  Change at constant  of which
            to 11/30/19   to 11/30/18  change     perimeter* and    exchange
                                                  exchange rates rates effect**

Motorhomes     434.1         449.0  -14.9  -3.3%   -15.5   -3.5%   0.6    0.1%
Caravans        44.5          45.9   -1.4  -3.1%    -1.4   -3.1%   0.0    0.0%
Mobile homes     7.5           8.4   -0.9 -10.7%    -0.9  -10.7%   0.0    0.0%
Accessories     25.6          24.9    0.7   2.8%     0.7    2.8%   0.0    0.0%
Others           7.0           7.4   -0.4  -5.4%    -0.4    -5.4   0.0    0.0%
Leisure
vehicles       518.7         535.6  -16.9  -3.2%   -17.5   -3.3%   0.6    0.1%
Trailers        34.0          32.7    1.3   4.0%     1.4    4.3%  -0.1   -0.3%
Camping
equipment        2.5           5.0   -2.5 -50.0%    -2.5  -50.0%   0.0    0.0%
Garden equipment 4.5           4.5    0.0   0.0%     0.0    0.0%   0.0    0.0%
Leisure
equipment       41.0          42.2   -1.2  -2.8%    -1.1   -2.6%  -0.1   -0.2%
Total sales    559.7         577.8  -18.1  -3.1%   -18.6   -3.2%   0.5    0.1%

* No entity joined or left the consolidation scope during the periods mentioned
in this press release.
** Restatement of the foreign exchange effect consists of calculating
aggregates for the current year at the exchange rates of the previous year.

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